Composite Adhesives Market share by applications and regions for 2017- 2024

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Composite Adhesives Market by Products,
Applications Regional Growth by 2017-2024
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Global Market Scenario of Composite Adhesives
Industry

• Composite Adhesives Market size should surpass
  USD 2 billion by 2024 according to a new
  research report by Global Market Insights, Inc.
• Increasing application for replacing conventional
  binding and adhering techniques like mechanical
  bolt, fasteners and welds in automotive, marine,
  construction and aerospace industry should impel
  composite adhesives market size.
• Its growing popularity for various industrial
  application can be attributed to significant
  reduction in structural weight, fuel consumption
  and cost savings. Use of structural adhesives
  also shortens production cycle time and eliminate
  drilling hole on assemblies enhancing its
  structural strength.
• Acrylic composite adhesives demand will witness
  significant gains at over 5 during forecast
  period. This growth in demand for acrylic based
  products can be ascribed to its increasing
  application scope in binding truck hoods,
  raised-roof assemblies and in automobiles to bond
  composites for roofs, doors, liftgates and hoods.
  
• Acrylics offer high bond strength on plastics,
  composites metals and performs well even on
  oily surfaces at lower surface temperature than
  epoxies.

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• Rapid industrial infrastructural growth along
  with increasing renovation project incurring huge
  spending in Brazil, India, Vietnam and China
  should bolster demand for composite materials
  thus driving structural adhesives market size.
  Shifting trends towards adopting composites
  replacing traditional building materials like
  brick, wood, mortar and stones should further
  strengthen industry growth. Composite adhesives
  are used to bond materials which need to
  withstand high stresses and loads without
  compromising structural integrity.
• MMA composite adhesives market size should
  surpass USD 360 million by 2024 owing to its
  ardent demand in aerospace industry. Its fairly
  high tolerance to poor surface condition (such as
  oil contamination), high strength performance,
  greater freedom of material choice like metals,
  magnets, glass, wood and composite along with
  bondability with dissimilar materials as well as
  improved finish should drive product demand.

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360 Industry Analysis

• Stringent regulatory framework in U.S. and Europe
  pertaining to VOC levels, emission control and
  improved fuel efficiency should substantiate
  composite adhesives industry growth. European
  Commission developed CARS 2020 action plan to
  reinforce automotive industry competitiveness
  along with addressing climatic, environmental and
  societal challenges. The plan is built around
  four major areas of financial innovations,
  improving market condition, facilitating
  internationalization and response to
  technological changes.
• Growing demand of composites in manufacturing
  aircrafts for commercial and defense sectors
  propels adhesives demand. These products are
  commonly used to attach joints to cured parts
  like stingers and uncured parts like wing skins
  due to its inherent characteristics of offering
  toughness, strength, stiffness and high
  temperature performance to fixtures and joints.
  Focus for existing participant to renovate or buy
  new models to enhance passenger safety and
  comfort should also drive product demand.
•  

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• Regional Analysis
• North America, led by U.S. composite adhesives
  industry size, is anticipated to grow at a rate
  of about 4 during projected timeframe. Rising
  utilization of composite adhesives in medical
  devices, cascade for engine, leaf spring,
  machinery and welded tube application should
  drive industry growth. Growing demand for
  high-quality composite adhesive which offer
  superior properties should fuel regional product
  demand.
• Competitive Analysis
• Global composite adhesives industry share is
  fairly consolidated with participants including
  3M, Henkel, Permabond, Sika AG, LORD Group,
  Bostik, SciGRIP and Covestro. Other key industry
  players include Hybond, Gurit, Huntsman, Argosy,
  Allnex, Solvay and ASI. Companies manufacturing
  these adhesives focus to enlarge their production
  capacity by investing on facility upgradation.
  They also adopt strategies like merger,
  acquisition and partnership with other players to
  enhance their product application portfolio
  through increasing RD spending.

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Latest Research Report On Composite Adhesives
Market _at_ https//www.gminsights.com/industry-analy
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